MEXC Leveraged ETF Leads the Cryptocurrency Market as Its Liquidity Ranks First

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Crypto asset trades are emerging one after the other and leveraged ETFs are becoming the next star product after futures. MEXC, the cryptocurrency exchange with the highest futures trading liquidity on the Internet, once again takes the lead in the cryptocurrency market with leveraged ETFs.

Comparing the leveraged ETF depth indicators of trading platforms such as Binance, MEXC, Kucoin, Gate and Huobi, and analyzing their leveraged ETF trades of major cryptocurrencies with the highest market capitalization, it was found that the three major platforms in depth performance are MEXC. , Binance and Kucoin. The data shows that in terms of the trading depth of BTC 3L, ETH 3L, LTC 3L and EOS 3L, MEXC ranks first in terms of liquidity.

Taking BTC 3L as an example, the 1% depth in MEXC is 14,403,439 USDT; The 1% depth on Binance, which ranks second, is 87,359.56 USDT; And the depth of 1% in Kucoin, which ranks third, is only 48,479.6 USDT. At this depth, MEXC has surpassed the sum of Binance and Kucoin, and the gap tends to widen.

Comparing ETH, LTC, EOS and other mainstream cryptocurrencies, it can also be seen that MEXC’s leveraged ETF trading has the best liquidity and the depth of other trading platforms is much lower than MEXC’s. Meanwhile, according to cryptorank data, Binance’s 24-hour leveraged ETF trading volume was $23.67 million, accounting for 63.5% of the market; MEXC’s 24-hour leveraged ETF trading volume was $9.25 million, with a market share of 24.8%, ranking second.

The Leveraged ETF was first launched by MEXC in November 2019. It is a perpetual leveraged product that leverages the price change of the benchmark asset, with the aim of providing leveraged returns on the benchmark perpetual futures. It can be understood as an exchange-traded fund with multiple leverages.

The trading rules for leveraged ETF products are as simple as those for spot products. You don’t need to use part of the margin to take positions like futures. At the same time, it can achieve multiple gains and returns like futures, so it is favored by some investors with little risk appetite.

Currently, each MEXC token supports 3x long (3L) and 3x short (3S) leveraged ETF trading, and some mainstream cryptocurrencies also support 2x, 4x or 5x leverage and the risk is controllable. For example, when you want to go 3x long for BTC, just buy BTC3L/USDT; When you want 3x short for BTC, just buy BTC3S/USDT; And when you want to clear the position, just sell the corresponding position. Leveraged ETFs do not use margin to take positions and have no liquidation rules, so there is no need to worry about liquidation risk.

Leveraged ETFs have a rebalancing mechanism and the compound interest effect is obvious. In the continuous up/down market, the daily profit will be automatically transferred to the position and reinvested to earn compound interest, and the profit will be higher than margin or futures products of the same multiple. MEXC currently supports leveraged ETF trading of more than 300 cryptocurrencies such as BTC, ETH, DOT, ATOM, SHIB, DOGE, AAVE, CRV, etc. It provides the most cryptocurrencies on the Internet, allowing traders to have different options in different trends or one-sided market conditions.

About MEXC:

MEXC is the world’s leading cryptocurrency trading platform, providing unique cryptocurrency trading services for Spot, ETF, Futures, Staking, NFT Index, etc., serving more than 10 million users worldwide world The core team has a solid background in traditional finance and has professional financial product logic and technical security assurances in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. It currently supports the trading of more than 1,500 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information and follow MEXC Global and M-Ventures & Labs.